- September 16, 2007, pffc-online.com
CHICAGO, IL—Wynnchurch Capital, a private equity firm, has purchased a majority interest in Webex, a designer and manufacturer of precision-engineered rolls and custom web handling machinery for a range of web handling and converting applications. Senior debt financing for the transaction was provided by ORIX Finance, as administrative agent, sole book runner, and joint lead arranger, and CIT Group, as joint lead arranger, while subordinated debt was provided by Audax Mezzanine, who also co-invested equity in the transaction. William Blair & Co. acted as advisors to Webex. Additional terms were not disclosed. See webex.com.